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AIM
1) To introduce students to the essentials of business practice
2) To ensure a basic knowledge and understanding of the elements of
shipping business
3) To develop communication skills
COMMERCIAL GEOGRAPHY
Continents, Oceans, Currents, & Tides, Weather & Climate, Canals & Waterways, Geographical regions (e.g. Far East, Mediterranean, S.E. Asia etc.). Location of
major countries and ports, Latitude & Longitude.
INTERNATIONAL TRADE
The global market. The need for shipping
CARGOES AND TRADE ROUTES
The role of liners and tramps. The dry bulk trades. The oil and other liquid
trades (clean, products, chemicals, gas). Manufactured goods.
Origins and distributors of principal cargoes and trades.
SHIP TYPES
Bulk Carriers, Tankers, Containerships, Ro-Ro and General Purpose vessels.
CONTRACTS OF CARRIAGE
The basic anatomy of voyage and time charter parties. The main specialist terms and
expressions. Basic functions of the Bill of Lading with a comparison of its role in the liner and
tramp trades.
LAW OF CARRIAGE
The fundamental difference between Contract and Tort. The role of international
conventions. Hague/Hague-Visby/Hamburg Rules.
Legal aspects of Bills of Lading. The role of marine insurance and P & I Associations.
SHIP REGISTRATION AND CLASSIFICATION
Flag state, offshore registers and flags of convenience. The function of classification societies.
THE PRACTIONERS IN SHIPPING BUSINESS
Principals - shipowners, charterers, shippers and NVOCs. Intermediaries - dry cargo chartering brokers, tanker chartering brokers, ship sale &
purchase brokers, port agents, liner agents, ship managers, freight forwarders.
BASIC ACCOUNTING
The fundamentals of bookkeeping & corporate accounts. Definitions and roles of Revenue, Cost, Profit, Capital, Cash-flow, Interest. The
structure of business entities.
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